ilmscore | Str*pper Stormed Off Financial Audit

Str*pper Stormed Off Financial Audit

Predictions from this Video

Total: 15
Correct: 4
Incorrect: 0
Pending: 11
Unrated: 0
Prediction
Topic
Status
The couple is in a precarious financial situation, potentially unable to pay their mortgage, despite having recently bought a house.
"Guys, if we're talking about skipping paying our mortgage, why did we get all praggy?"
Financial Stability
Pending
The individual admits to owing $700 on a Discover card, and has not received help with it despite prior assurances.
"I mean, I guess you could call it that. Um, he does like"
Debt Management
Pending
The couple's current financial situation is leading towards a potential foreclosure of their house.
"Guys are going to get pushed to that point."
House Foreclosure
Pending
The couple has accumulated a total debt of over $179,000 across various credit cards and loans, with interest rates as high as 36% on some.
"We got a 5.59% mortgage rate. To not anticipate the cost of housing, dude. And you've already had to replace things. Like, don't be a [ __ ] Also, it's not 1300. It's literally 1,381.19 cents, you owe a total of $179,447.95."
Credit Card Debt
Pending
One of the individuals admits to not knowing how to manage their finances or what actions to take, indicating a lack of financial literacy.
"I don't know what to do I'm doing. I don't know what the [ __ ] I'm doing."
Financial Illiteracy
Correct
There's a controlling dynamic in the relationship regarding finances, with one partner restricting the other's use of credit cards and dictating how they should be used, leading to conflict and distrust.
"It seems very much like it is at least with especially purchases like the fact that he won't let you use any like cards or the fact that he what I don't like is that he's kind of telling you like, oh, you use this card for like a gun that you know I wanted to get you and then was telling you like, oh, but I got you this but I want you to use your card for it. And then it's like coming on here and saying like, oh, but now you are owing on that gun and you need to make purchases on it. I don't like that. And then he specifically sat here and said for this one, yeah, I won't let her."
Relationship Financial Conflict
Pending
Given their severe debt and inability to manage payments, the couple is at high risk of having their vehicles repossessed, with bankruptcy being suggested as a potential, albeit insufficient, solution.
"You probably won't. This is guys are um here's the reality. Um, maybe we change your behavior and learn how to budget for a couple months and then you can do bankruptcy. But I'm going to pay for you to sit down with one of our finance people, Reed. He's going to go through this. He's going to analyze before and then give you guys a plan cuz you just need extra help. I think bankruptcy is the only way to help it. That that that doesn't even help our mortgage situation. You guys are No, but again, that doesn't solve your issue cuz your house is way too much. This is just crazy. I'm sorry. This is just Like I don't even know, guys. I'm I'm sorry. I don't even know. So, I'm going to pay for that session at this point. I mean, I'm burnt out and this is"
Car Repossession Risk
Pending
The couple's inability to financially care for their pets, coupled with their existing financial problems, suggests they have too many animals and are being selfish by not being able to provide adequate care, potentially leading to euthanasia due to financial constraints.
"You can't afford them. It's selfish. You can't take care of them. You can't afford pet insurance. I guess you guys can't afford to live with your current mortgage. Like, this doesn't make sense. You can if he is going to die, you can save him by making it happen as quickly and painless as possible."
Pet Overpopulation and Neglect
Pending
A credit card with deferred interest is set to incur an immediate $300 charge in four days, pushing the balance over its limit, with the implication that the debt will not be paid off in time.
"The the care card? ... It hits in 4 days. 4 days. You will have an immediate $300 that hits. $300. It'll push it well beyond its limit. I mean, you're going to get here. $300. You're about to lose. Hey, someone's going to come to you and take $300 in 3 days. You're just going to come take it."
Deferred Interest Credit Card Debt
Correct
The couple's continued reliance on parental assistance for car insurance and their inability to cover basic expenses like groceries and toiletries, even with potential income increases, indicates a bleak financial future, especially with a baby on the way.
"You're going to have to pay for that soon? ... Uh, she's been she paid for it the last two months. Okay. How much is yours? Um, the motorcycles are they're paid for the year. 180 A year... Okay. Okay. So, car insurance, 82 bucks. Uh, she's been she paid for it the last two months. Okay. How much is yours? Um, the motorcycles are they're paid for the year. 180 A year... $600 for groceries. Use the budget friendly cookbook in the meal plan we give you in the budgeting class. Total fine. You just got to warm up. Cook a few times a week and then warm up. TP fund. Anything else to survive? We should be able to do 150 toilet paper, tampons, all the goodies. You probably don't need those right now anyway, right? Isn't that how that works?"
Future Financial Instability
Pending
The individual has hidden significant student loan debt from their partner, indicating a lack of transparency and potential future financial conflict.
"I know he's in debt. No. The first ones here are the ones she does not know about. No. Why doesn't she know about these? So, like the first main one, um I kind of didn't want her to pay for all of my debt and so I kind of wanted to hide a little bit of it."
Unpaid Student Loans
Pending
The couple has a motorcycle loan for which they cannot afford the minimum payment, making it likely to be repossessed.
"You owe $5,276. minimum payment of $167. We just... Is that the 300? Yes. It's probably worth $5,000 for... Sell it. You cannot afford $167 minimum payment. You can't... Especially when it's bouncing. We're already done."
Potential Car Repossession
Correct
A significant portion of the household income is going towards servicing credit card debt with extremely high interest rates, specifically 24.2% on a $9,568 balance.
"And then $9,568.18 with a minimum monthly payment of $271.49 by the way on the $2,000 income. What are we at? That's like 15 12 12% of our income to one minimum payment. One minimum payment on a debt you didn't even know about. What the is this for? At a 24.2% interest rate, by the way. Horrendous. Disgusting."
High Credit Card Interest Rates
Pending
An unexpected veterinary bill of $150 for a dog's initial vaccinations, with the possibility of further emergency vet costs, highlights their lack of preparedness for unforeseen expenses.
"The newest one, ... No, it was it's for the dog. We brought one of the birds emergency vet. Oh, no. That that cost 50 bucks. Okay. And Okay. That that's not that's not the big spender on that. Okay."
Unforeseen Medical Expenses
Correct
The couple has accumulated $51,000 in debt since March, in addition to their mortgage, indicating a severe and rapid decline in their financial situation.
"You have accumulated besides the mortgage approximately got to do the math. You have accumulated since literally March $51,000 of bad debt. 51,000. That's outside of the mortgage, ladies and gentlemen."
Accumulated Debt Since March
Pending
A Discover card has a balance of $8,723.79, with a minimum payment of $43 and interest charges, indicating a significant amount of credit card debt.
"$8,723.79 is on the Discover rate card. What's going on with this? Uh, which one is that? Also, at least you can see mying lips. I trim. I care about my appearance. I ... $8,723.79. That's the first time I've ever touched a stripper. I need hand sanitizer."
High Interest Credit Card Debt
Pending